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14 <br />WHEREAS, at the hearing held by the Commission on the 271h day of July, 2004, <br />at 8:00 a.m., at the office of the Commission located at Room 1308, County -City Building, 227 <br />West Jefferson Boulevard, South Bend, Indiana, the Commission heard all persons interested in <br />the proceedings relating to the amendment of the Plan and the designation of Allocation Area <br />No. 2 as a separate allocation area and received L% written remonstrances and objections, if <br />any, and such other evidence presented; <br />NOW THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission, governing body of the City of South Bend, Indiana, Redevelopment District and <br />the City of South Bend, Indiana, Department of Redevelopment: <br />1. The Commission finds that designating Allocation Area No. 2 as an allocation <br />area for purposes of Section 39 of the Act and amending the Plan as described herein, are <br />reasonable and appropriate when considered in relation to the Plan and purposes of the Act. <br />2. The Commission finds that the actions being taken in this Resolution, including <br />the amending of the Plan as described herein, conform to the comprehensive plan of the City. <br />3. The Commission hereby finds and determines that for purposes of the allocation <br />provisions of Section 39 of the Act, the Allocation Area No. 2 shall constitute an allocation area <br />for purposes of the Act and this Resolution to separately account for the Project Tax Increment <br />Revenues. The base assessed value, as described in the Declaratory Resolution, shall not change <br />as a result of this amendment. <br />4. The Commission hereby approves of the amending of the Plan to include in the <br />Plan certain roadway and related infrastructure projects to Ireland and Michigan Streets to <br />facilitate the Project. The President is hereby authorized to approve of the changes to the Plan to <br />effect the amendment approved herein. <br />5. The Secretary is hereby directed to file a certified copy of the Plan, as amended, <br />with the minutes of this meeting. <br />6. The Secretary is directed to record this Resolution pursuant to the requirements of <br />Ind. Code § 36- 7- 14- 17.5(g). <br />7. This Resolution shall be in full force and effect after its adoption by the <br />Commission. <br />-2- <br />SBIMAN 1 188221v2 <br />